Maybe, but not necessarily.

A living trust or family trust is a document that serves as a substitute for a will. You transfer your property to your trust while you are alive. The trust specifies how your property will pass to your heirs. The trust accomplishes everything you want to do in a will but it allows your heirs to completely avoid the probate court process.

Some benefits of a living trust:

• Keeps your affairs private; there is no public disclosure of the assets of your estate, and how and to whom you pass your property, which usually occurs in a probate court process.
• There is less chance a disgruntled heir will contest your plan.
• Allows for management of a your finances and property if incapacitated without having to produce a power of attorney.
• Can be very easily changed without the formalities of a new will or codicil (will amendment).
• You do not need to obtain a separate tax number for the trust. The use of a revocable living trust does not create any issues with the IRS. You continue to use your social security number and your personal tax returns are prepared and filed as if the trust did not exist.
• There is no change in your right to buy, sell or transfer, or manage your property.
• If you own property in more than one state, you avoid multiple probate court proceedings and attorneys in each state because the trust will cover your assets in every state.